Ukrainian President Volodymyr Zelenskyy has accused Russian President Vladimir Putin of lying to officials in former U.S. President Donald Trump’s administration. This statement highlights the persistent mistrust between Ukraine and Russia, two countries still engaged in armed conflict since Russia’s 2022 invasion. Diplomatic efforts involving U.S. envoys shuttling between Moscow and Kyiv continue as Trump attempts to broker a peaceful resolution with both leaders. Market pricing now reflects a reduced likelihood of a peace deal before 2027, underscoring the impact of these diplomatic tensions on the outlook for resolving the conflict.
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